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The Latest Breaking News from Shanghai

Elon Musk's Confidence In China Happens To Be Reciprocal

Officials in Shanghai helped Tesla cart over 6,000 employees and supplier employees to their jobs to help the automaker re-open its factory following lockdowns.

InsideEVs

Two Carriers to Resume Domestics Flights Out of Shanghai This Week

Juneyao and Spring Airlines will restart passenger services to the cities of Kunming and Longyan

Caixin Global

China's economy takes a hit from Covid-19 lockdowns

New data shows China's economy cooled sharply in April, as many cities including Shanghai suffered Covid-19 lockdowns. Industrial output dropped nearly 3 percent compared to a year before, while retail sales slumped 11 percent. Meanwhile, global wheat prices jump after India announces a ban on exporting the grain due to…

France 24

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China’s Shanghai aims to end COVID lockdown by June 1

Shanghai to phase out strict lockdown measures that have kept 26 million people at home for more than six weeks.

Al Jazeera

Shanghai Composite Index Fell 0.34% on Monday

Shenzhen Component Index closed down 0.6%

Caixin Global

Most of Shanghai has ended virus spread, 1M left in lockdown

Authorities say most of Shanghai has stopped the spread of the coronavirus in the community and fewer than 1 million people remain under strict lockdown

The Independent UK

Shanghai targets June COVID lockdown exit as China economy slumps

Shanghai set out plans on Monday for the end of a painful COVID-19 lockdown that has lasted more than six weeks, heavily bruising China's economy, and for the return of more normal life from June 1.

Reuters

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Shanghai aims for return to normal life from June 1

Shanghai aims to reopen broadly and allow normal life to resume from June 1, a city official said on Monday, after declaring that 15 of its 16 districts had eliminated cases outside quarantine areas.

Reuters

Shanghai aims to reopen more businesses shut down by COVID-19 lockdown, Beijing battles on

Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China's financial and manufacturing hub from Monday after weeks of strict coronavirus lockdown, while Beijing battles a small but stubborn outbreak.

ABC News

China has avoided the grim US Covid toll. But at what cost?

Shanghai was once a symbol of modernity and openness. Xi’s ruthless strategy risks a very bleak future

The Guardian - UK

Some Shanghai businesses to reopen Monday, officials say

Shanghai officials say they will allow some businesses to reopen Monday, even while it remains unclear whether residents will be able to leave their homes

The Independent UK

Shanghai aims to reopen more COVID-shut businesses, Beijing battles on

Shanghai will gradually begin reopening businesses such as shopping malls and hair salons in China's financial and manufacturing hub from Monday after weeks in strict COVID-19 lockdown, while Beijing battles a small but stubborn outbreak.

Reuters

Spraying deemed 'pointless' against Covid

SHANGHAI: Leaving a fine mist of disinfectant in their wake, China’s hazmat-clad health workers are cleaning homes, roads, parcels and even people — but more than two years into the pandemic, experts say it is a futile measure against Covid-19.

Bangkok Post

Shanghai hunkers down for final COVID battle, Beijing outbreak stubborn

Shanghai was tightening its COVID-19 lockdown for what it hoped would be the final week of its battle with the virus before it could gradually begin to ease restrictions, while Beijing kept fighting its much smaller but persistent outbreak.

Reuters

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France 24

Locked down Shanghai aims to eliminate Covid over the next week

Shanghai has been under complete lockdown for six weeks now. Around 26 million inhabitants have been confined to their homes and the government has been adamant in its pursuit of zero Covid cases.

ABC News

Australians leave expat life in Shanghai due to harsh COVID lockdown measures

Vivian and her family have left their expatriate life in Shanghai, where millions of people have been in strict lockdowns due to COVID-19. She says she is lucky to be able to escape, but many are still struggling to leave.

Los Angeles Times

Troubles mount in China ahead of Xi's bid to stay in power

TAIPEI, Taiwan — When Xi Jinping strode into the Bird's Nest Olympic stadium in the winter, waving and bundled in a black jacket and mask, hundreds of Chinese spectators and performers cheered in what was meant to be the start of a victorious year for their nation's president.

USA Today Sports Media Group

League of Legends team forced to replay matches they won after technical fault

In a post, Riot explained that the consistent 35 ping from Shanghai was meant to be matched in Busan for teams playing against RNG. Unfortunately, the emulation of this ping level in Busan was not consistent, leading to teams having variable ping against RNG.

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The Times of India

As Shanghai nears end of lockdown, China's Covid angst grows

BEIJING: After six weeks of confining people to their homes, enduring food shortages and the constant fear of being forcibly hauled away, Shanghai's lockdown appears to have an end date. But China's increasingly fraught battle with Covid-19 is far from over.

France 24

China doubles down: Can Xi Jinping stick to zero-Covid policy?

Can China have it both ways? Can it keep out Covid-19 and maintain robust growth in the run-up to a crucial Communist Party congress in the autumn, one that could make Xi Jinping president for life? Beijing seems to think the answer is yes as it doubles down on coronavirus…

Caixin Global

Shanghai Composite Index Rose 0.96% on Friday

Shenzhen Component Index closed up 0.59%

The Independent UK

Shanghai will try to ease 7-week virus lockdown in few days

An official says Shanghai will try again to reopen in a few days after it has eliminated COVID-19 transmission among the population at large

Reuters

Shanghai aims to defeat COVID over next week as Beijing hunkers down

Locked-down Shanghai aims to ringfence its COVID outbreak over the next week, officials said on Friday, while residents in China's capital Beijing largely heeded the advice of authorities to work from home to stem the virus' spread.

Caixin Global

Parcel Delivery Services in Shanghai Make Slow Comeback

Volume reaches 1 million packages daily — a sixth of normal capacity — as authorities clear more services to resume after month of Covid lockdowns

Benzinga

Camtek Clocks 35% Revenue Growth In Q1 Backed By Robust Order Flow Amid China's Covid Lockdown, Global Tensions

Camtek Ltd (NASDAQ:CAMT) reported first-quarter FY22 revenue growth of 35% year-on-year to $77.17 million, marginally beating the consensus of $77 million. The non-GAAP gross margin expanded 130 bps to 52%. The non-GAAP operating margin expanded by 160 bps to 28.8%. Non-GAAP EPS of $0.44 missed the consensus of $0.45. The company held $428.3…

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